Jumia commits to a “disciplined approach” as operating losses hit $20.1 million in Q3 2024

E-commerce giant Jumia reported $20.1 million in operating losses in the third quarter of 2024 as weak macroeconomic conditions in key markets continued to pressure revenues. Its operating losses rose by 10% compared to the previous year.

Jumia’s stock ($JMIA) is trading at $4.16 at the time of this report. Its market cap has taken a hit to $501.49 million, down from the $1.32 billion it…

CONTINUE READING»